Terreno Realty Corporation · NYSE:TRNO
Terreno Realty — Q4 2015 Earnings Presentation
17 slides from Terreno Realty's earnings presentation, Feb 10, 2016
Slide 1: Terreno Realty Corporation Q4 2015 Update
Terreno Realty Corporation Q4 2015 Update February 10, 2016
Slide 2: Forward Looking Statements
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Forward Looking Statements This presentation contains forward-looking statements within the meaning of the federal securities laws. All statements other than statements of historical fact are forward-lo
Slide 3: Investment Strategy
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Investment Strategy Unique and Highly Selective Focus on Functional Assets Market Approach in Infill Locations Acquire, own and operate industrial real estate in six Broad product opportunity set(1)
Slide 4: Recent Highlights
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Recent Highlights Occupancy Investment Activities During the fourth quarter of 2015, closed approximately $73.0 Portfolio Same Store million of acquisitions comprising approximately 0.6 million 95.4%
Slide 5: Current Portfolio Overview
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Current Portfolio Overview Key Metrics(1) Current Portfolio by Geography (2) Square Feet 11.1 million Seattle 11.2% Number of Buildings 148 Northern New Jersey / New York City 23.8% San Francisco Bay Ar
Slide 6: Terreno's Submarket Focus
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Terreno’s Submarket Focus Terreno Portfolio (4) Market Shrinking Supply (1) No Net New Supply (2) New Supply (3) Los Angeles LAX South Bay Inland Empire West Shrinking West of 405 Commerce/Vernon Inland
Slide 7: Selected Recent Acquisitions
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Recent Acquisitions Purchase Price: $14.9 million Estimated Stabilized Cap Rate: 6.0% 202nd Ave Size: One cross-dock industrial distribution building containing approximately 158,000 squa
Slide 8: Selected Examples of Value Creation
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Selected Examples of Value Creation In addition to the acquisition and operation of core properties, Terreno has successfully stabilized 33 of 48 value-added investments to date. Since its IPO, approx
Slide 9: Value Creation – Capital Recycling
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Capital Recycling Property: Sweitzer Location: Laurel, MD Size: One building, 85,000 SF on 6.9 acres Acquisition Price: $7.0 million, $82 PSF ($23 per land SF) in October 2012
Slide 10: Value Creation – Redevelopment
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Value Creation – Redevelopment BEFORE Property: South Main Location: Carson, CA Acquisition size and price: Three industrial buildings totaling 186,000 SF and one 34,000 SF office building on 14.3
Slide 11: Market Leading Corporate Structure
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Market Leading Corporate Structure Management Alignment Corporate Governance Executive Team’s long-term incentive Majority independent directors with diverse compensation fully aligned with stockhol
Slide 12: Key Takeaways
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Key Takeaways Focused strategy – Six major coastal US markets exclusively – Flexible and functional assets in infill locations Acquisition opportunities across our target markets at discounts to rep
Slide 13: Appendix
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix 13
Slide 14: Appendix: Statements Of Operations
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Statements Of Operations CONSOLIDATED STATEMENTS OF OPERATIONS For the Three Months Ended December 31, For the Year Ended December 31, 2015 2014 2015 2014 REVENUES Rental revenues $ 19,311 $ 1
Slide 15: Appendix: Supplemental Components of NAV
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Supplemental Components of NAV For the Three Months Ended Q4 2015 Acquisitions COMPONENTS OF NET OPERATING INCOME December 31, 2015 Total revenues $ 24,200 Purchase Estimated Less straight-lin
Slide 16: Appendix: Net Income, FFO and Adjusted FFO
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Net Income, FFO and Adjusted FFO For the Three Months Ended December 31, For the Year Ended December 31, NET INCOME, FFO AND ADJUSTED FFO 2015 2014 2015 2014 Total revenues $ 24,200 $ 18,747 $
Slide 17: Appendix: Same Store and Disposition Results
SACRAMENTO2013\Investor Presentation\Terreno Realty Roadshow Presentation (July 10, 2013) v7.pptx Appendix: Same Store and Disposition Results For the Three Months For the Year Ended Ended December 31, December 31, (1) SAME STORE GROWTH 2015 2014 $ Change % Change 2015 2014 $ Change % Change Net inc